A clear guide to prices across Mallorca’s key property markets.

Market analysis by Iris Grünewald, Co-founder of Balearic Properties and Mallorca property specialist with more than 25 years of local market experience.
Published 19 September 2026 · Last updated 19 September 2026

Mallorca remains one of the Mediterranean’s most established international property markets. In 2026, demand continues to be strongest for homes in excellent locations, renovated properties with character, modern villas with sea views and well-connected year-round residences. Limited supply in the most desirable areas means that island-wide averages can be misleading: two properties only a few kilometres apart may sit in very different price brackets.

The figures below are indicative asking-price ranges per square metre for good-quality resale property in 2026. Exceptional frontline homes, historic estates, new-build villas and properties with unusually large plots can exceed these bands. They should be used as a market guide rather than a formal valuation.

Methodology: The regional ranges in this guide are indicative asking-price bands based on Balearic Properties’ current listings, recent buyer searches and more than 25 years of local market experience. They are contextualised against the latest Spanish National Statistics Institute House Price Index, updated through the second quarter of 2026. Asking prices are not the same as completed transaction prices.

2026 Mallorca property prices at a glance

Area	Indicative 2026 price range	Prime locations
Palma	€4,500–€8,000+ per m²	Old Town, Portixol, Son Vida, Santa Catalina
Southwest Mallorca	€6,500–€12,000+ per m²	Port d’Andratx, Bendinat, Puerto Portals, Santa Ponsa
Northwest Mallorca	€5,500–€10,000+ per m²	Deià, Valldemossa, Sóller, Port de Sóller
North Mallorca	€4,500–€8,500+ per m²	Pollença, Port de Pollença, Formentor, Alcúdia
Northeast and East	€3,500–€6,500+ per m²	Artà, Colònia de Sant Pere, Canyamel, Porto Cristo
Southeast and South	€3,500–€6,500+ per m²	Santanyí, Cala d’Or, Portocolom, Ses Salines
Central Mallorca	€3,000–€5,500+ per m²	Santa Maria, Alaró, Binissalem, Sineu

Palma: city living, historic homes and year-round demand

Palma has one of Mallorca’s broadest markets. Apartments requiring renovation outside the prime districts can sit below the city’s headline figures, while beautifully restored homes in the Old Town, penthouses with terraces, properties in Portixol and large villas in Son Vida command a substantial premium. For quality properties, buyers should generally expect around €4,500 to €8,000 per m², with exceptional homes in the most sought-after micro-locations reaching €10,000 to €12,000 per m² or more.

Palma’s strength is its year-round lifestyle: international schools, marinas, culture, restaurants, the airport and professional services all support permanent demand.

Southwest Mallorca: the island’s highest concentration of prime property

Southwest Mallorca remains the island’s most consistently expensive coastal market. Port d’Andratx, Bendinat, Puerto Portals, Nova Santa Ponsa and the Calvià coastline attract international buyers looking for sea views, privacy, contemporary architecture and marina access. Typical quality stock can range from €6,500 to €12,000 per m². The best frontline apartments and recently completed villas may exceed €15,000 per m², particularly where the view, orientation and finish are outstanding.

Prices can vary significantly within the same municipality. A renovated harbour apartment, a hillside villa and an inland village house should never be compared on price per square metre alone.

Northwest Mallorca: scarcity in the Serra de Tramuntana

The northwest of Mallorca, including Deià, Valldemossa, Sóller and Port de Sóller, combines dramatic scenery with strict planning constraints and a limited supply of suitable homes. This scarcity keeps prices resilient. Across the northwest, good-quality property commonly falls between €5,500 and €10,000 per m². Restored stone houses and discreet estates in Deià, as well as homes with exceptional sea views, can rise above €12,000 per m².

The market is smaller and more individual than in Palma or the southwest, so architectural character, privacy, vehicle access and outdoor space have an unusually strong influence on value.

North Mallorca: Pollença, Port de Pollença, Alcúdia and Formentor

North Mallorca continues to attract families and second-home buyers who value authenticity, beaches, sailing, cycling and a strong year-round community. In Pollença, Port de Pollença and Alcúdia, quality properties typically range from €4,500 to €8,500 per m². Townhouses with patios, renovated fincas, villas close to the sea and apartments on the Pine Walk sit toward the upper end.

Formentor and rare frontline positions form a separate ultra-prime market, where privacy, views and scarcity can take prices well beyond the general northern range.

Northeast and East Mallorca: value, space and a growing premium market

Artà, Capdepera, Canyamel, Son Servera, Colònia de Sant Pere and the east coast offer a broad mix of village houses, country properties, apartments and modern villas. Indicative prices for quality homes are around €3,500 to €6,500 per m², although luxury developments, frontline properties and new villas can exceed €7,000 per m².

The northeast is especially attractive to buyers seeking more land, tranquillity and a traditional setting without abandoning good restaurants, golf and beaches.

Southeast and South Mallorca: Santanyí leads a diverse coastal market

Santanyí, Cala d’Or, Portopetro, Portocolom, Ses Salines and the coast around Es Trenc remain highly desirable. Good-quality property generally ranges from €3,500 to €6,500 per m². Renovated village houses in Santanyí, modern villas close to the coast and rare sea-view homes can reach €7,000 to €10,000 per m² or more.

In this part of Mallorca, buyers often pay a premium for walkability to a village centre, proximity to a natural beach, tourist-rental potential where legally permitted, and a high-quality renovation.

Central Mallorca: more space and strong year-round appeal

Central Mallorca offers some of the island’s best opportunities for land, privacy and authentic village life. Santa Maria del Camí, Alaró and Binissalem benefit from fast connections to Palma and an increasingly international community. Across the centre, quality properties commonly range from €3,000 to €5,500 per m², while renovated fincas and premium homes near Santa Maria or Alaró can reach €6,000 to €7,000 per m².

The key value drivers are usually plot quality, legal documentation, access, renovation standard, mountain views and journey time to Palma.

What determines the price of a Mallorca property in 2026?

• Exact micro-location: sea frontage, elevation, orientation and walking distance to amenities can transform value.
• Legal status: complete planning documentation and clear registration are increasingly important.
• Condition and energy performance: buyers pay more for homes that are ready to occupy and efficient to run.
• Outdoor space: terraces, gardens, privacy and pools remain central to Mediterranean living.
• Scarcity: historic homes, large plots and protected coastal locations cannot easily be reproduced.
• Rental licence: where a valid licence exists, it may add value, but buyers should verify its current legal status.

Frequently asked questions about Mallorca property prices

Are Mallorca property prices still rising in 2026?

Demand remains strong in Mallorca’s best locations, particularly for renovated homes, sea-view villas and properties with complete legal documentation. Price movements vary by area and property type, so local evidence is more useful than an island-wide average.

Which is the most expensive area of Mallorca?

Port d’Andratx, Bendinat, Puerto Portals, Son Vida and the most exclusive parts of Deià are among Mallorca’s highest-priced markets. Exceptional frontline and newly built properties can exceed the general regional ranges shown in this guide.

What is the average price per square metre in Mallorca?

There is no single figure that accurately represents the whole island. In 2026, indicative asking prices for quality resale property range from approximately €3,000 per m² in parts of central Mallorca to more than €12,000 per m² in prime southwest locations.

Where can buyers find better value in Mallorca?

Central, eastern and northeastern Mallorca generally offer more space for the budget than Palma, the southwest or the most exclusive Tramuntana villages. Legal status, condition, access and exact micro-location remain decisive.

Is Mallorca property a good investment in 2026?

Mallorca benefits from limited supply, international demand and a strong year-round lifestyle. However, buyers should assess each property individually, obtain independent legal advice and consider purchase costs, condition and long-term suitability rather than relying on price growth alone.

Our view of the Mallorca market

“In 2026, buyers are more selective, but they remain prepared to pay a premium for the right property. Correct pricing, impeccable presentation and complete documentation are what separate successful sales from homes that remain on the market,” says Iris Grünewald, Co-founder of Balearic Properties.

For buyers, the lesson is to compare like with like and focus on the individual property rather than an island-wide average. For owners, our guide to selling property in Mallorca explains why an accurate valuation should consider recent local evidence, the condition of the home and the profile of demand in that specific area.

Would you like a local valuation or a tailored property search?

Balearic Properties has advised buyers and owners across Mallorca for more than 25 years. Our teams combine island-wide reach with detailed local knowledge. Explore our properties for sale in Mallorca, or Contact our Mallorca property experts for a confidential valuation or a curated selection of homes suited to your preferred area, lifestyle and budget.

Sources and market methodology

• Instituto Nacional de Estadística (INE): House Price Index, Q2 2026
• Balearic Properties: current asking prices, active buyer demand and local market observations, September 2026.

Market note: price ranges are indicative asking-price guides prepared in September 2026. They are not a formal valuation, and individual properties may fall above or below the ranges shown.